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Oct 30, 2026

Uniswap, a16z and DeFi Education Fund seek exemptions from Illinois crypto tax rules

Venture capital firm Andreessen Horowitz, Uniswap Labs, and the DeFi Education Fund are urging Illinois regulators to revise proposed cryptocurrency tax regulations, seeking to exclude wallet withdrawals and bridging from taxation and remove private-key recordkeeping requirements. The groups warn the current rules could effectively ban DeFi operations in the state.

Oct 30, 2026·2 sources
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Top claims

  • ▪Illinois' proposed crypto regulations would require digital asset brokers to maintain records containing customer cryptocurrency private keys.
  • ▪Miles Jennings compared taxing personal wallet withdrawals under Illinois' proposed rules to taxing individuals for moving funds between their own bank accounts.
  • ▪Andreessen Horowitz, Uniswap Labs, and the DeFi Education Fund urged the Illinois Department of Revenue to modify proposed regulations implementing the state's Digital Asset Tax Act

Subtopics

Cross-chain bridges1Crypto lobbying1Crypto regulation1Crypto taxation1Decentralized exchange (DEX)1DeFi1DeFi regulation1Illinois digital asset tax draft rules1

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